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Back to the $5 to $6 .…..this stock is domant..going nowhere.
Tip jar from Twitter is as disaster in the making...it will prompt many people to post not their true comments but comments that will instill a tip...ie...cash for comments.
Expect comments to border extreme thought process to push for cash.... Twitter to bottom out at $50.
Looks like cmgr is hurting for cash...selling more shares for cash...and the share price keeps dropping!
Convertible Promissory Note – GS Capital Partners
On April 29, 2021, Clubhouse Media Group, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with GS Capital Partners, LLC (“GS Capital”), pursuant to which, on same date, the Company issued a convertible promissory note to GS Capital in the aggregate principal amount of $550,000 for a purchase price of $500,000, reflecting a $50,000 original issue discount (the “April 2021 GS Capital Note #2”) and, in connection therewith, sold to GS Capital 125,000 shares of the Company’s common stock, par value $0.001 per share (the “Company Common Stock”) at a purchase price of $125, representing a per share price of $0.001 per share. In addition, at the closing of this sale, the Company reimbursed GS Capital the sum of $5,000 for GS Capital’s costs in completing the transaction, which amount GS Capital withheld from the total purchase price paid to the Company.
The April 2021 GS Capital Note #2 has a maturity date of April 29, 2022 and bears interest at 10% per year. No payments of the principal amount or interest are due prior to the maturity date other than as specifically set forth in the April 2021 GS Capital Note #2, and the Company may prepay all or any portion of the principal amount and any accrued and unpaid interest at any time without penalty.
IMHO....In the last 3 months ...this stock has plummeted from $26 to current level of $5...without significant rev stream/cost cutting there is little chance for cmgr to rebound....imho...if cmgr does not turn things around ...I believe a gradual price bleed will continue...new outlook...$4 per share is coming....ziggy
$26 to $5 in 2.5 short months.... what's wrong with this picture...no game...no rev.....just hype. Buying Cheap share that keep falling is not income averaging...it's a sucker's bet... Go luck to the faithful.
As predicted yesterday...$4 to $5 coming soon.... don't catch falling knives!
$4 to $5 coming soon.
I think $4 is coming soon...this stock just bleeds bleeds and bleeds!
On Jan 25th...cmgr hovered around $5....the stock temporarily spiked to $28.5 on elon musk positive tweet on clubhouse app( not affiliated with cmgr in any way)....inspite of a massive media blitz of fluff, pump, and speculation via ihubbers(imho)...this stock continues a systematic price decline to current $9.50....why????
Low trading volume, low revenue, adding outstanding stock, and non financial pr pieces....look at $5 to $8 as the new normal....good luck... ziggy
Part 3
Number of securities offered
3750000
Number of securities of that class outstanding
94297795
Part 2
Price per security
$ 8.0000
The portion of the aggregate offering price attributable to securities being offered on behalf of the issuer
$ 30000000.00
Click on news section of cmgr and review article below posted on 4/7.
The article clearly states a public offering of 3.75 million shares at $8 per share to generate $30 million in cash... I am not talking about the 8-k reports referring to convertible notes for $500,000.
Amended Registration a Offering Under the Securities Act of 1933 (1-a/a)
Source: Edgar (US Regulatory)
Form 1-A Issuer Information UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-A
REGULATION A OFFERING STATEMENT
UNDER THE SECURITIES ACT OF 1933 OMB APPROVAL
FORM 1-A
OMB Number: 3235-0286
I thinks the is some confusion here...the promissory notes (convertible notes) you reference for $500,000 was from cmgr news generated on 4/7...…the initial public offering of 3.75 mil shares of cmgr at $8 per share was news reported by cmgr on 3/26.....and yes these shares diluted into current existing shares will definitely affect overall share price....imho...good luck.... ziggy
Ok... I'll bite...what tangible input do you have that cmgr is worth $23 in the near term?...what does near term mean....1 week...2 months.....2yrs???....my tangible input is cmgr is worth $8 per share based on the recent financial disclosure of recent 3.75 mil share offering at $8....once that is complete...then you can talk about upside....good luck... ziggy
I read all tweets over last two weeks....90% of posts are fluff, pump, speculation, and "what if" comments...imho.
If I see tangible evidences of revenue stream, projected growth plans, or partnership with fortune 500 company....then there is potential.
Until then...this stock is in holding pattern..... ziggy
$23 for the upside base on what????
Why would I buy shares at $23 when 3.75mil shares are currently being absorbed into outstanding authorized share count at $8 per share. Please provide logic...... ziggy
Nice tease.... please provide documentation to validate post.
The word jumped is correct.....stock was trading at 10 then 12 trades for 6,000 shares @ $11.38...then back at $10 for closing.... someone must have hit "market trade" without looking...then MM's clean up for the kill on differential spread....or it must be the hard sell the pumpers are creating with "load up on cheap shares" " power hour with a run"
" don't be left out"....beware the land of pink on otc...yes I predict a $8 based not because of shorting but because there are available shares to exhaust at $8 per share...good luck to all.
.. ziggy
How can you say Las Vegas 40 different ways?????..…. review the last 40 posts....also how many cheap shares can I buy before running out of money?... don't know but that's the strategy being sold here.....so why isn't the hype and pump working?....why is daily trading volume so weak with a billion impressions promoted?....and finally why is there a systematic bleed of the share price...it must be those nasty shorters...but only 18,000 shares traded!!!!
How about the 3.75 mil elephant in the room trading at $8 per share....when he goes....you have a potential base... everything else is just noise and fluff...imho... ziggy
Never said bytes and impressions are the same....would like someone dialed in to explain what 1 impression represents... in advertising... viewer base represents how much potential revenue can be generated by a 30 sec video....knowledge is power....ziggy
Thanks...keep posting daily short.
Could you please define what a billion impressions actually represents????
A billion bytes is not much.
Ziggy
Data is a couple of days old when price was higher...new shorting would be very risky/costly at current lower price.... problem here is shareholders are taking profits as share price falls or panic selling by newbies...if you want to create a short squeeze...rally all shareholders to stand their ground no matter how low cmgr goes for 4 to 8 days for shirts to cover....takes courage and confidence to create this scenario like gamestop awhile back....good luck!!! Ziggy
A couple of observations from my perspective:
Buying "cheap shares"can also be called..trying to"catch a falling knife" or "dollar cost averaging"....both are risky if finances don't a up...for newbies...look it up.
Buying one share up or down does not indicate a short manipulation or a pumper creating false positive run...you need massive trade volume to achieve this.
Cmgr trade volume is anemic...there is no short squeeze coming as hyped on this board.
3.75 mil offering shares at $8 per share not absorbed into current share price...only then can cmgr create a price base.
Buyers are not stupid...pump and constant hype will not move this share price over long run...only revenue and potential profit stream.
Adding staff to current dream team will not move the needle on cmgr stock price...just adding business expenditures.
As quoted in famous movie..."Show me the money ????????!!"
Caveat emptor....cheers.. ziggy
Please reference your source... I cannot find where your getting this intel.
Cmgr recent short volume appears to be falling.....does not indicate short squeeze...imho... ziggy
Market DateShort VolumeTotal Volume
(MM Shares)Short Volume Ratio2021-04-07 11,335
2021-04-06 22,785
2021-04-05 68,598
This information would come from investor relations or a recent update on the company's outstanding share balance...I'm sure one of the pumpers would be glad to put this issue to rest...btw...besides the intro of new personnel and one billion hits lingo....I have not seen any DD investors deserve over the last 3wks...imho... ziggy
I'm not a paid pumper or a paid shorter....imho if the comments on this board showed a little DD....then potential investors could create volume and a base....all my input has been factual based on brief DD and research....buying on adrenaline is a losing bet...... someone tell me when the 3.75 mil shares are absorbed in the total outstanding share total......then you have a base....just giving the novice investor a level playing field....good luck to all.... ziggy
Ok... I'll bite...so why is cmgr getting hammered today?
Trending back down to $8 - $9.....same price as the 3.75 mil share offering (dillution) set last week... ziggy
Back down to $11 (-5%) as of 11:28am.....rats fleeing a sinking ship.... good luck to the bagholders..... fundamentals never lie... caveat emptor.... ziggy
Timberrrrrrrrr......
Net income for 2020 was -$2.5mil per shareholder equity....this bleed is sustainable for short term...in the end the market price will adjust accordingly.... carrying the water via fluff and hype will fizzle... imho... ziggy
Does anyone look at the recent 8-k report for cmgr....they are borrowing an additional $500,000 via promissory note....this is on top of the current 3.75 mil share @$8/share in current dillution of current outstanding shares....why???? Because of limited revenue stream from existing operations...ie...they are bleeding cash!! Caveat emptor... ziggy
Just curious what outlet provided the 28% shorting data on clubhouse....shorting data on pinks are inaccurate and hard to justify... ziggy
Ok....let me try this observation.... clubhouse media shares down 50% from Feb 21st to present (ie...$20/share to $10/share.....good luck to the bagholders....ziggy
I agree...I'm paying attention.... please review cmgr basic key financial metrics according to Nasdaq:
2020 (ytd)
Net income applicable to common shareholders.... -$2.5 mil
2019....... -$75,000....gap growing!
.....................
2020 (ytd) Net borrowing ..$2.3 mil
2019 (ytd)....... $30,000 gap increasing!
Ok.. argument can be made...need to borrow to grow....but can you show me the revenue stream ... generated by this borrowing...if anyone has update please provide....
Caveat emptor......ziggy
Clubhouse media group revenue metrics are not showing guts or glory imho.....if you want to show significant share price appreciation....turn the revenue metrics around and finish the 3.75 mil shares bleed at $8 per share into current outstanding share count....stop the fluff... caveat emptor!!!! Ziggy
Revenue (Quarterly) Related Metrics
Net Income (Quarterly)-2.532MTotal Expenses (Quarterly)3.019MEPS Diluted (Quarterly)-0.049Enterprise Value807.61MProfit Margin (Quarterly)-250.6%Earnings Yield-0.56%Normalized Earnings Yield-0.5563
Adding staff to clubhouse media group will not stop the stock price bleed of 50% over the last 30 days.... someone need to ask the ceo one simple question...."when will the 3.75 mil shares @8 per authorized share be completely absorbed into the stock price..... only then can we talk about potential... everything else is just fluff....imho...good luck to all....ziggy
You forget to mention the clubhouse media closed the day before at 9.75....so how is salvaging a 8.11 end of day as " close nicely scenario????"...lipstick on a pig on steroids....this pink piggy stock is down over 50% in 30 days, trading volume is dismal, 3.75 mil share dilution in progress....as mentioned before....$6 per share coming soon... caveat emptor..let the buyer beware....imho...ziggy